Indian Stock Markets!

Without a choice, we all are being exposed to the crazy (read:volatile) graphs all across on news channels depicting the movement of the BSE Sensex, NSE Nifty, Nasdaq, Dow Jones, S&P 500, other indices, etc. There is a spurt of JOY amongst the investors as soon as the markets (read: stock prices) reach figures that are displayed in green by the trading terminals/news channels. It has been a roller coaster ride all this while with the ride taking a new high every now and then. Some facts that are a result of the heavy buying on one day & a complete sell off the other day are as below, just to give us an idea of how the graphs can be derived (unlike the way we were taught in our days at educational institutions).




We can start with Nasdaq Chart as per the image on the left, there have been volatile days/weeks/months but due to the various factors and excess liquidity, we can see the markets taking all time highs every now and then.







The Chart for DOW JONES INDUSTRIAL AVERAGE INDEX (known as: .DJI) for the past 6 months is as on the right side image. Valuations were at a peak in around Sep / Oct '07, then it has deteriorated.



All in all, we need to just wait and watch for the next few days in the run up to the budget as the markets tend to be pretty volatile in this period of the year.

You may download the Budget 2007 Presentation by Ambit RSM (Courtesy Moneycontrol.com) and some more information on the Budget for 2007 - 2008 can be accessed here: India Budget 2007 (Courtesy: National Informatics Centre & Ministry of Finance)

I shall continue posting on this topic in a few days...

Note: All rights for the graphs shown above are courtesy Google Inc.